Any deposits less than 10$ will not be accepted or reflected in your trading account.The allocation of the type of account depends on amount deposited on trading account. The customer must refer the table given under the Account Type to verify the details, so that to understand the restricted number of deposits for Tailor made Account and Mini Accounts.It is the responsibility of the customer to familiarize themselves with and abide by the Terms and Conditions that relate to the respective account types.The customer has the responsibility to ensure that any funds deposited into the account are legitimately their own.The customer has the responsibility to ensure that any funds deposited into the account are legitimately their own and it's mandatory to complete KYC and read all the documents of the company before first deposit.
Our trading platform supports all types of orders including market, limit, stop and trading stop orders, the orders will be accepted throughout the day and your positon will be updated in the real time it will be remained open until the closing trade is executed. With the fractional pip pricing, you can trade with the tighter spreads and enjoy the most accurate quoting possible.
Also note that you might hold up to 200 positions open in a simultaneous manner (it depends on the client and including the pending order).
Deposit of upto 10,000 USD , number of lots limited to 5 at a time . Deposit of upto 50,000 USD , number of lots limited to 10 at a time. Deposit of upto 100,000 USD , number of lots limited to 20 at a time . Above 100,000 USD , no limit
Violation of the lot size lead to termination of the account.
At Wealth Way, you can trade up to 20 lots with a simple click, and we assure fill on that. A bigger order size can be either split into smaller trade sizes, or request your full trade by telephone.
Wealth Way guarantees fills up to 50 lots at best available market price for your stop-loss and limit orders.
Thanks to its alertness and business partnerships with various liquidity providers, Wealth Way aims to serve you best even during volatile market conditions by executing orders at the best available market price.
Should there any market gaps occur from a Friday close to a Sunday opening, Wealth Way executes all pending limit or stop orders at the first available market price for the corresponding position size.
Wealth Way offers the best execution and tight spreads for your trading. Irrespective of your account size, we ensure that you get the best service from us.
We offer variable spreads and not fixed spreads, as is the practice in the interbank forex market. Also, variable spreads are usually less than fixed spreads and are thus advantageous for our clients. Many times, forex brokers who offer fixed spreads apply trading restrictions around the time of news announcements. Wealth Way imposes no restrictions on trading during news releases.
Wealth Way provides 5-digit quoting prices instead of 4-digit quotes, this helps clients to benefit from even the smallest price action; this is called fractional pip pricing and is used to get the best prices from various liquidity providers. Fractional pip pricing helps you trade with tighter spreads and accurate quotes.
As one major Forex market closes, another opens. According to GMT, for instance, Forex trading hours vary depending on regional timings around the globe. It becomes available in New York between 01:00 PM – 10:00 PM GMT; Sydney comes online at 10:00 PM GMT; Tokyo opens at 00:00 and closes at 9:00 AM GMT; and to complete the loop, London opens at 8:00 AM and closes at 05:00 PM GMT. This enables traders and brokers worldwide, with the participation of central banks to trade online 24 hours a day.
The dynamic leverage available at Wealth Way automatically adapts to the used margin and the volume traded on each financial instrument.
Even though we offer very high leverage, we don’t encourage using them regularly as it entails heavy risk. Our team will help you find a suitable leverage ratio for you, just let us know if you need assistance.
We will provide up to 500 times the deposit depending on your account type and our assessment. You also have the option to request increase or decrease of allowed leverage. Margin requirements do not change during the week, nor do they widen overnight or at weekends
At Wealth Way you can control your real-time risk exposure by monitoring your used and free margin.Used margin depends on the leverage and if it is at 50:1, you need to keep 2% of trade value as margin. Rest of your fund will be free margin and it will fluctuate according to the profit/loss happening in your trading position. You can also use them to take other trades.
Although each client is fully responsible for monitoring their trading account activity, Wealth Way follows a margin call policy to guarantee that your maximum possible risk does not exceed your account equity. As soon as your account equity drops below 100% of the margin needed to maintain your open positions, we will attempt to notify you with a margin call warning you that you do not have sufficient equity to support open positions.
In case you are a client accustomed to telephone trading and we feel that you can’t maintain your open positions, you may receive a margin call from our dealers, advising you to deposit a sufficient amount in order to maintain your open positions.
The stop-out level refers to the equity level at which your open positions get automatically closed. For Wealth Way Ultra Low, MICRO and STANDARD trading accounts held by retail clients the stop-out level is 30%.
All positions held open after 22:00 GMT will attract rollover rates and all debit/credit will be undertaken during this period in client’s account.
There will be a 3-day rollover applicable on Wednesday to compensate for the interest charged on open positions by banks on Saturdays and Sundays when the markets are closed.
Rollover is the process of extending the settlement date of an open position (i.e. date by which an executed trade must be settled). The forex market allows two business days for settling all spot trades, which implies the physical delivery of currencies.
In margin trading, however, there is no physical delivery, so all open positions must be closed daily at end-of-day (22:00 GMT) and re-opened on the following trading day. This pushes out the settlement by one more trading day. This strategy is called rollover.
Rollover is agreed on through a swap contract which comes at a cost or gain for traders. Wealth Way does not close and re-open positions but debits/credits trading accounts for positions held open overnight, depending on the current interest rates (LIBOR/LIBID with added mark-up).
Every currency trade is based on borrowing one currency in order to buy another. Interest is paid on the borrowed currency and earned on the purchased currency. For instance, if we assume that the interest rates in Japan and the US are 0.25% p.a. and 2.5% p.a. respectively, and you have a buy position of 1 lot in USDJPY at 118.50, you will earn 2.5% per year on your USD and pay 0.25% per year on your borrowed JPY.
This means that with an open position you gain USD 6.16 per day [100,000* (2.5%-0.25%)/365]. This amount is credited to your account and equivalent to 0.73 pips per day [118.50* (2.5%-0.25%)/365]. Similarly, if you have a short position in USDJPY, you lose USD 6.16 per day. Thus rollover interest can provide an added stream of profit or loss for you.
22:00 GMT is considered to be the beginning and the end of a forex trading day. Any positions which are still open at 22:00 GMT sharp are subject to rollover and will be held overnight. Positions opened at 22:01 are not subject to rollover until the next day, but if you open a position at 21:59, a rollover will take place at 22:00 GMT. For each position open at 22:00 a credit or debit appears on your account within 1 hour, and will be directly applied to your equity account.
As one major Forex market closes, another opens. According to GMT, for instance, Forex trading hours vary depending on regional timings around the globe. It becomes available in New York between 01:00 PM – 10:00 PM GMT; Sydney comes online at 10:00 PM GMT; Tokyo opens at 00:00 and closes at 9:00 AM GMT; and to complete the loop, London opens at 8:00 AM and closes at 05:00 PM GMT. This enables traders and brokers worldwide, with the participation of central banks to trade online 24 hours a day.
The Forex market is open 24 hours a day and it is important to know which the most active trading period is.
For instance, if a less active period between 5 PM – 7 PM EST is taken, after New York closes and before Tokyo opens, Sydney will open for trading but with more modest activity than the three major sessions (London, US, Tokyo). Consequently, less activity means less financial opportunity. If you want to trade currency pairs like EUR/USD, GBP/USD or USD/CHF you will find more activity between 8 AM – 12 NN when both Europe and the United States are active..
Other Forex trading hours to watch out for are the release times of government reports and official economic news. Governments issue timetables for when news releases take place, but they do not coordinate releases between different countries.
It is thus worth finding out about economic indicators published in major countries, as these coincide with the most active moments of Forex trading. Such increased activity means bigger opportunities in currency prices, and sometimes orders are executed at prices that differ from those you expected.
A trader has two options: either include the news periods in Forex trading hours, or decide to deliberately suspend trading during these periods. Whichever alternative is chosen, one should take a pro-active approach when prices suddenly change during a news release.
For day traders, the most productive hours are between the opening of London markets at 08:00 GMT and the closing of US markets at 22:00 GMT. The peak time for trading is when the US and London markets overlap between 1 PM GMT – 4 PM GMT. The main sessions of the day are London, US and Asian markets.
Below is a brief overview of trading sessions that will help you make the most of the market: LONDON SESSION – opens between 8 AM GMT – 5 PM GMT; EUR, GBP, USD are the most active currencies;
US SESSION – opens between 1 PM GMT – 10 PM GMT; USD, EUR, GBP, AUD, JPY are the most active currencies
ASIAN SESSION – opens at 10 PM GMT on Sunday afternoon, goes into the European trading session at about 9 AM GMT; not suitable for day trading
Wealth Way trading hours is between Sunday 22:05 GMT and Friday 21:50 GMT. When the dealing desk is closed, the trading platform does not execute trades and its features are only available for viewing
For any enquiries, technical difficulties, or urgent support, feel free to contact our 24-hour customer support by email or live chat any time. In case you don’t have your PC at hand, please make sure to have your account login details with you so that our support team can help you with your orders.
For closing positions, setting a ‘take profit’ or ‘stop loss’ order on an existing position, you will also need to provide us with your ticket number. After that, all you will need to do is request for a two-way quote on a particular currency pair and specify the transaction size (e.g. “I’d like a Dollar Japanese Yen quote for 10 lots.”). Please remember if password authorization fails, or you do not wish to undergo this process, we will not be able to carry out your instructions.
Mini Accounts and Tailor-made Accounts will have their withdrawal privileges blocked for one quarter if there is a breach of number of attempts of withdrawals, along with the terms and conditions governing these transactions.For Tailor-made Accounts, after first submission of withdrawal, customer can submit the second withdrawal only after 30 days of the first submission.For Mini Accounts, after the permitted 2 withdrawals in a month, the subsequent submission can be done only after the completion of 30 days.If the customer submit the withdrawal request by violating the permitted time frame, the first submitted withdrawal request will be processed first on completion of one quarter, and the second submission will be in the que,unless the first submission is cancelled by the customer.If the deduction of funds from a withdrawal request in the que affects the customer's open trades or pending trades, the full responsibility is on the customer.The maximum amount permitted for withdrawal in the case of emergency will be maximum restricted to the deposited amount.